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Scranton Multifamily Property For Sale

2089 N Main Avenue Scranton, PA 18508

2089 N Main Avenue, Scranton, PA, 18508
$379,000
For Sale
Claim this Listing
$379,000

MULTI_FAMILY - Scranton, PA

Property Size3,440 SF
Lot Size0.20 Acres
Price / SF$110.17
AddedJul 5, 2025
Days on Market377
Last RefreshJul 16 at 8:06 am

Property Features for 2089 N Main Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Zoning
r3
Bedrooms
6
Bathrooms
6
Rooms
Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 3, Basement, Bedroom 6, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 4, Bathroom 6, Bedroom 2
Basement
Unfinished
Standard status
Active
APN
13505040046
Size
3,440 SF
Lot size
0.20 Acres

Taxes and HOA fees

Tax Year
2024
Tax Description
133X68x135x68 W-01 B-017 L-012 P-013
Tax Annual Amount
5748

Building Details

Year built
1920
Floors in Building
3
Number of units
5

Listing agent Colleen A Weissman License #RS285514

Listing office Berkshire Hathaway Home Services Preferred Properties 721 S. State St., Clarks Summit, PA

Listing date Jul 5, 2025

MLS# SC253344 Listing URL

Copyright © 2026 Greater Scranton Board of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This multifamily property is located in Scranton, Pennsylvania. The property has a lot size of 0.2 acres and a building size of 3,440 square feet. The zoning is R3.

Key Highlights

  • Built in 1920
  • 6 bedrooms (Bedroom 1 through Bedroom 6) as listed
  • 6 bathrooms (Bathroom 1 through Bathroom 6) as listed

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $51.2k $14.88
− Vacancy −$3.0k −$0.86
EGI $48.2k $14.02
− OpEx −$21.7k −$6.31
NOI $26.5k $7.71
3,440 SF · lease $14.88/SF/yr · vacancy 5.80% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$378.9K
$331.5K – $442.0K (±1% cap)
NOI $26,520 @ 7.0% cap · market cap 7.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$873.1K
$764.0K – $1.02M (±1% cap)
NOI $61,119 @ 7.0% cap · market cap 16.13%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Real Estate Agency Parking Lot & Garage Law Firm Cafe & Coffee Shop Bakery Skin Care Clinic Home Appliance Store Garden Center Electrical Service HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Multifamily property in Scranton, PA, totaling 3,440 square feet.
Where is this apartment building located?
The property is located at 2089 N Main Avenue Scranton, PA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Built in 1920; 6 bedrooms (Bedroom 1 through Bedroom 6) as listed; 6 bathrooms (Bathroom 1 through Bathroom 6) as listed
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More about this property
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